Ordinal Games
We study strategic games where players' preferences are weak orders which need not admit utility representations. First of all, we ex- tend Voorneveld's concept of best-response potential from cardinal to ordi- nal games and derive the analogue of his characterization result: An ordi- nal game is a best-response potential game if and only if it does not have a best-response cycle. Further, Milgrom and Shannon's concept of quasi- supermodularity is extended from cardinal games to ordinal games. We find that under certain compactness and semicontinuity assumptions, the ordinal Nash equilibria of a quasi-supermodular game form a nonempty complete lattice. Finally, we extend several set-valued solution concepts from cardinal to ordinal games in our sense.
| Year of publication: |
2007-10
|
|---|---|
| Authors: | Durieu, Jacques ; Haller, Hans ; Querou, Nicolas ; Solal, Philippe |
| Institutions: | CER-ETH Center of Economic Research, Department of Management, Technology and Economics (D-MTEC) |
| Subject: | Ordinal Games | Potential Games | Quasi-Supermodularity | Rationalizable Sets | Sets Closed under Behavior Correspondences |
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